MUMBAI (Reuters) – The rupee gave up early gains to end lower on Tuesday, driven by a late fall in the euro, with concerns over the country’s current account deficit expected to remain a major drag for the currency.

The government’s top economic adviser, Raghuram Rajan, named the record-high current account deficit as the main worry for the country, reiterating the stance from Finance Minister P. Chidambaram in his budget speech last week.

MUMBAI, March 5 (Reuters) – The Indian rupee gave up early
gains to end lower on Tuesday, driven by a late fall in the
euro, with concerns over the country’s current account deficit
expected to remain a major drag for the currency.

The government’s top economic adviser, Raghuram Rajan, named
the record-high current account deficit as the main worry for
the country, reiterating the stance from Finance Minister
Palaniappan Chidambaram in his budget speech last week.

MUMBAI, March 4 (Reuters) – Indian government bonds rose on
Monday, recovering from a sell-off that traders saw as excessive
after the release of higher-than-expected borrowing target last
week, with markets supported by hopes the central bank will cut
interest rates later this month.

Improving cash conditions as seen by a sharp drop in banks’
borrowing from the central bank also supported debt markets,
sending the one-year interest rate swap to a one-month low.

MUMBAI, March 1 (Reuters) – Indian government bonds fell to
three-week lows on Friday, extending losses a day after the
finance minister unveiled a higher-than-expected gross borrowing
for 2013/14, with comments from a rating agency adding to fears
that a downgrade possibility was still real.

Yields have risen 11 basis points (bps) since the government
said it plans to borrow 6.29 trillion rupees ($116 billion) in
the fiscal year starting April, higher than the 5.58 trillion
rupees for the current fiscal year.

MUMBAI (Reuters) – Government bonds had their worst day in seven months after the finance ministry on Thursday announced a gross market borrowing target that was well above expectations, dashing hopes of reduced debt supply.

Post market hours, data showed the economy slowed further in the December quarter, expanding 4.5 percent, as against a Reuters poll estimate of 5 percent, which should provide some support to bonds when trading resumes on Friday.

MUMBAI, Feb 28 (Reuters) – Indian government bonds had their
worst day in seven months after the finance ministry on Thursday
announced a gross market borrowing target that was well above
expectations, dashing hopes of reduced debt supply.

Post market hours, data showed the economy slowed further in
the December quarter, expanding 4.5 percent, as against a
Reuters poll estimate of 5 percent, which should provide some
support to bonds when trading resumes on Friday.

MUMBAI (Reuters) – After long failing to act on foreign investor complaints, Indian policy makers find themselves in an ironic bind: As global interest in Indian derivatives surges, it is Singapore, not Mumbai, that is reaping the benefits.

In a turnaround from past years, more stock futures and options based on Nifty are traded in Singapore than India. Billions of dollars in rupee derivatives traded from the city state nearly equal the amount of spot currency traded in India. Deals in Indian debt derivatives are close to volumes in Indian markets.

MUMBAI (Reuters) – After long failing to act on foreign investor complaints, Indian policy makers find themselves in an ironic bind: As global interest in Indian derivatives surges, it is Singapore, not Mumbai, that is reaping the benefits.

In a turnaround from past years, more stock futures and options based on India’s main NSE share index .NSEI are traded in Singapore than India. Billions of dollars in rupee derivatives traded from the city state nearly equal the amount of spot currency traded in India. Deals in Indian debt derivatives are close to volumes in Indian markets.

MUMBAI (Reuters) – The rupee notched up its biggest single-day gain in three weeks on Friday boosted by inflows delayed by a strike that curtailed trading over the last couple of sessions, but investors were jittery ahead of the crucial 2013/14 budget next week.

Investors are focusing on the budget, which will be keenly watched to see how Finance Minister P. Chidambaram balances the tightrope walk between fiscal discipline and populist spending ahead of elections in 2014.

MUMBAI, Feb 22 (Reuters) – The rupee notched up its biggest
single-day gain in three weeks on Friday boosted by inflows
delayed by a strike that curtailed trading over the last couple
of sessions, but investors were jittery ahead of the crucial
2013/14 budget next week.

Investors are focusing on the federal budget, which will be
keenly watched to see how Finance Minister P. Chidambaram
balances the tightrope walk between fiscal discipline and
populist spending ahead of elections in 2014.